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Positive reading on U. S. ISM Manufacturing Employment Index

Mohamed Abdelhamid 1 October, 2021 8:45 pm Economic Report, Forex Market, Market Update

U. S. ISM Manufacturing Employment Index is at a current level of 50.20, up from 49.00 last month and up from 49.60 one year ago.
This is a change of 2.45% from last month and 1.21% from one year ago. The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries.
A high reading is seen as positive for the USD, while a low reading is seen as negative, this is why it is a significant indicator of the overall economic condition in the U. S.
The ISM Manufacturing Employment Index represents business sentiment regarding labor market conditions and is considered a strong Non-Farm Payrolls leading indicator.

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